Agricultural Bank Of China Net Worth is$154.8 B
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Company Name: Agricultural Bank of China Limited
Company Logo: Image:Agricultural Bank of China logo.PNG
Company Type: Public
Traded As: 1288, 601288
Foundation: 1951
Location: Beijing, People's Republic of China
Key People: Jiang Chaoliang (Chairman), Zhang Yun (businessman) (President)
Industry: Banking, Financial services
Products: Finance and insurance, Credit Cards
Revenue: link
Net Income: 121.95 billion (2011) Assets: 11.677 trillion (2011) Equity: 649.78 billion (2011) Num Employees: 444,238 (2012)
Owner: Government of the People's Republic of China
Homepage: [http://www.abchina.com abchina.com]
Agricultural Bank of China Limited (ABC, simplified Chinese: a,-a? 1/2 a??a,?e??e??; traditional Chinese: a,-a??e 3/4 ?ae?-e??e??; pinyin: ZhA?ngguA? NA?ngyA? YA-nhA?ng), also known as AgBank or a??e??, is one of the "Big Four" banks in the People's Republic of China. It was founded in 1951, and has its headquarters in Beijing. It has branches throughout mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore.
ABC has 320 million retail customers, 2.7 million corporate clients, and nearly 24,000 branches. It is China's third largest lender by assets. ABC went public in mid-2010, fetching the world's biggest ever initial public offering (IPO). As of 2011, it ranks 8th among the Top 1000 World Banks, meanwhile Forbes Global 2000 named it the 25th-largest public company in the world.
After the establishment of the People's Republic of China in 1949, ABC has been formed and abolished several times. In 1951, two banks of the Republic of China, Farmers Bank of China and Cooperation Bank, merged to form Agricultural Cooperation Bank, which ABC regards as its ancestor. However, the bank was merged into People's Bank of China, the central bank in 1952. The first bank bearing the name Agricultural Bank of China was founded in 1955, but it was merged into the central bank in 1957. In 1963 the Chinese government formed another agricultural bank, and it was also merged into the central bank two years later. Today's Agricultural Bank of China was founded in February 1979. It was restructured to form a holding company called Agricultural Bank of China Limited. It was listed on the Shanghai and Hong Kong stock exchanges in July 2010.
In April 2007 ABC was the victim of the largest bank robbery in Chinese history. This occurred when two vault managers at the Handan branch of the bank in Hebei province embezzled almost 51 million yuan (US$7.5 million).
In 2012 ABC started a project to migrate to the Avaloq Banking System.
ABC was the

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Agricultural Bank Of China Latest News

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